A $550 million contract for the construction of a combined cycle power plant for the Inpex-operated Ichthys LNG project in Australia has been terminated, leaving hundreds of workers in limbo.
Global LNG sector will grow seven times faster than pipeline gas trade and is expected to account for around half of all globally traded gas by 2035, up from 32 percent now, BP said in its annual Energy Outlook on Wednesday.
The LNG market is expected to hit the bottom of a boom-bust cycle over the next five years, a report by Aurora Energy Research shows.
Magnolia LNG, Perth-based LNG Limited’s U.S. unit, signed a heads of agreement with Vessel Gasification Solutions for a 20-year supply of 4 mtpa of liquefied natural gas from its project in Lake Charles, Louisiana.
I.M. Skaugen chartered its three Multigas carriers for a small-scale LNG project in Africa planned to deliver natural gas for power generation.
LNG World News Staff